Late last week, NBA commissioner David Stern floated the idea of contracting teams. The Boston Globe reports three teams in particular -- the Charlotte Bobcats, Memphis Grizzlies and New Orleans Hornets -- could be in the cross hairs.

A league source told CBS Sports last week that the league would "continue to be open to contraction," and a separate anonymous source told the Globe the three above mentioned teams could be in jeopardy.

NBA commissioner David Stern gestures as he answers a question during a news conference before Game 3 of a first-round NBA basketball playoff series between the Los Angeles Lakers and the Oklahoma City Thunder in Oklahoma City, Thursday, April 22, 2010. (AP Photo/Sue Ogrocki)

The Bobcats ranked 22nd in attendance last season while the Hornets ranked 23rd and the Grizzlies checked in at 28th. The league's worst-attended club, the Nets, will have a new arena by 2012 in all likelihood. The next-worst team in attendance, the Kings, is pushing for its own new arena, but the team has yet to secure a location.

Meanwhile, Lakers Hall of Famer Magic Johnson,appearing in Naples, Fla., this past weekend at a fundraiser for Big Brothers Big Sisters, said he is not opposed the elimination of some NBA teams.

“How much would it hurt the league if we lost teams? It wouldn’t hurt it. It might make it better,” Johnson told the Naples News. “... I think if you take away a couple teams, the talent level goes up and the league will only benefit, so I don’t see a problem with that. We just hope that we put a good product out on the court, and that’s the key.

“Where [the NFL] may have a team or two struggling, we have multiple teams struggling,” Johnson added. “We have a bigger problem than the NFL, and I think the NFL will solve their problems easier, and ours will be a lot tougher.”